🗞️ Bitcoin's Record Weekly Close • Elon Musk Declares “Fiat Is Hopeless” • Strategy Pauses Its Bitcoin Buying • Drake Drops a Bitcoin Reference in Song + All the Latest Bitcoin News!

Block Height: 904,473 • Bitcoin Price: $108,588

Jul 07, 2025

👋 Welcome to The Bitcoin Mindset Newsletter—your favourite source for curated bitcoin news, education, and entertainment!

Happy Monday! It’s been another action-packed week. Bitcoin continues to dominate the conversation. We saw a record weekly close, strong words from Elon Musk on the state of fiat, and even a Bitcoin name-drop in Drake’s latest track. Let’s dive in. 🔍

🔝 Top Stories

Bitcoin Hits Record Weekly Close…
Christine Lagarde Subtly Praises China’s CBDC…
Why Bitcoin Should Be Exempt from Capital Gains Tax…
Elon Musk Declares “Fiat Is Hopeless”…
Strategy Pauses Its Bitcoin Buying Spree…
Drake Drops a Bitcoin Reference in New Song…

And much much more! Subscribe now!

📙 Book of the Week

Introducing… Snowcrash by Neal Stephenson.

Grab a copy here on Amazon!

👀 Must Watch

A member of the public asked Christine Lagarde, head of the European Central Bank (ECB), why everyday people should support the digital euro, expressing concerns shared by many. Lagarde responded by pointing out that the only place a central bank digital currency (CBDC) currently works is in China. She added that if the digital euro is well-designed and properly implemented, it will be of service to all citizens. The Chinese model coming to Europe… say no more! ⬇️

Bill Miller IV shares his perspective on why Bitcoin should be exempt from capital gains tax during his appearance on the Coin Stories Podcast. ⬇️

Mark Moss explains who’s behind the massive bitcoin accumulation at the moment and why the rest of the world is finally waking up. ⬇️

📰 Latest News

Bitcoin Hits Record Weekly Close, Next Stop $112K?
Bitcoin just made history by closing the week at $109,200, its highest weekly close ever. This is a strong sign that the bull market is still going strong, despite recent ups and downs in the crypto market.
Semler Scientific Stacks Another 187 Bitcoin for $20 Million, Bringing Total Holdings to 4,636 BTC.
Nasdaq-listed healthcare tech firm Semler Scientific (ticker SMLR) acquired an additional 187 for approximately $20 million at an average price of $106,906 per bitcoin between June 4 and July 2, according to an 8-K filing with the U.S. Securities and Exchange Commission on Monday.
Max Keiser Predicts National Security Interventions at $400,000 Bitcoin.
Max Keiser, a prominent advocate in the cryptocurrency sphere, is forecasting significant governmental intervention as Bitcoin approaches a valuation of $400,000. In a recent tweet, Keiser suggested that should Bitcoin reach this landmark price, the resulting intensification of global hash wars could prompt the United States government to invoke national security concerns. This, he implies, could lead to the seizure of companies such as MicroStrategy, Coinbase, Marathon Digital Holdings, and Riot Platforms.
Panther Metals Explores Bitcoin-For-Equity Exchange Mechanism.
Panther Metals PLC announced Monday it is developing a framework that would allow bitcoin holders to exchange their digital assets for equity in the company.
Metaplanet Boosts Bitcoin Stack to 15,555 BTC.
CEO Simon Gerovich announced the news on Monday via an X post. He revealed that the outfit acquired the Bitcoin for $238.7 million at an average price of $108,237 each. As of July 7, the company now holds a total of 15,555 BTC, which were procured for around $1.54 billion at $99,307 per unit.
'America Party' to Embrace Bitcoin, Elon Musk Says Fiat is Hopeless.
Elon Musk's newly launched "America Party" will embrace Bitcoin, the billionaire tech mogul confirmed. On July 6, an X user with the handle @RenatoLima_X asked Musk if America Party will embrace Bitcoin, to which the billionaire responded, "Fiat is hopeless, so yes."
Why Nations Are Rethinking Reserves After America’s Bold 200K Bitcoin Bet.
Historically, reserve portfolios have been grounded in gold, foreign currencies, and sovereign debt instruments; the traditional tools governments use for economic stabilisation through stockpiling assets. Whether it be cash, oil, or other commodities, reserve portfolios are now being reevaluated to include a new type of asset—Bitcoin.
Taxing Bitcoin ‘Doesn’t Make a Ton of Sense’ — Fund Manager.
Governments have no right to tax Bitcoin because managing ownership rights requires no administrative efforts, says Miller Value Partners chief investment officer Bill Miller IV.
Drake Mentions Bitcoin in New Song ‘What Did I Miss?’
Musical artist Drake referenced Bitcoin in a new song released on Saturday titled “What Did I Miss?". The hip hop artist previously wagered $1 million in BTC on the outcome of the 2022 Super Bowl, the championship American football game between the Cincinnati Bengals and the Los Angeles Rams.
Bitcoin Treasury Companies Are Bubbles.
You are the yield that the bitcoin treasury companies are chasing. Their earnings stem not from revenue but from new investors.
Strategy Pauses Bitcoin Buying Spree for First Time in 3 Months Amid Q2 Results.
Strategy has paused its bitcoin buying spree for the first time since April, leaving its current total holdings at 597,325 BTC ($65 billion). Hinting at the pause on Sunday, Strategy co-founder and executive chairman Michael Saylor said, “Some weeks you just need to HODL.”

📺 Entertaining Videos

Elon Musk just tweeted “Fiat is hopeless”, and said his new political party would embrace Bitcoin. Will this trigger Bitcoin FOMO? ⬇️

This video explores the state of Bitcoin in America, the rise of movements like the “Orange Party”, and the push for a self-sovereign future. It highlights the U.S.'s unique protections, the need for a new political narrative, and how Bitcoin could shape a fairer world. ⬇️

This video breaks down the current distribution of Bitcoin ownership, revealing just how rare even small amounts of bitcoin truly are. It puts things into perspective by comparing Bitcoin holdings to traditional wealth tiers, highlighting how early most holders still are. ⬇️

An advert for last week’s book The Bushido of Bitcoin! ⬇️

🔍 Community Highlights

🗣️ Timeless Quotes

“Fiat is hopeless” —Elon Musk

🧡 Meme of the Week

⚠️ Disclaimer

The Bitcoin Mindset Newsletter is interested in low-time preference thinking and how FreedomTech (Bitcoin, Nostr, encryption, the internet etc) can help build a better and freer future. Like Bitcoin, this newsletter is politically non-partisan; Bitcoin is for everyone! The content we share (including videos, memes, books & social media accounts) does not necessarily reflect the views of this newsletter.

We don’t cover financial advice, shitcoinery, trading tips, or get-rich-quick schemes. Whilst fiat mindsets chase pumps, Bitcoiners are building a better world for future generations. Everything here is for informational purposes only and should never be mistaken for financial, investment, or legal advice.

Being self-sovereign comes with responsibility. Don’t trust—verify. Do your own research and think for yourself. After reading this newsletter, don’t buy Bitcoin—study it.